Do you prefer trading only Forex or indices and other instruments too ?

Despite similarity instruments other than forex has some subtle differences in price characteristics as well as specific irregularities which we can capitalize on, though it requires lots of research
 
Usually I like to trade in major pair like EURUSD, GBPUSD, sometimes EURJPY, in metal commodity I like trade on XAUUSD and XAGUSD, not yet trying another CFD products.
 
I have diversification in my mind to divide risk. Currently, I am just into forex trading and studying other assets to see which one would be a better option for me.
 
It’s good to diversify your money over time. But if you are just starting out, you better stick to one asset. Forex trading is a good one to start with.
 
Focus on one trading pair indeed make it easier to control the risk, a trader who like to work use averaging trading, only choose one pair to focusing trading strategy
 
Gold and major currency pairs are my most favourite. I have been hearing quite a lot about cryptocurrencies these days and so, think they will make a good addition to my portfolio.
 
Raheel Shaikh said:
I have always been into forex from the start and recently narrowed down to only trading EURUSD
basically intra-day with swing depending on the setup.

Most of the members in our community enjoy trading indices and crypto

Just curious to know what are the pros and cons of other instruments and how they differ from forex in price action, trend wise and over all ?
More...
I have always traded crypto along side forex, just those two. Though I took a break from crypto for a while due to personal reasons, but recently rekindled my interest when I saw that my broker forexchief allow crypto trade, especially the digital currency and USD pairs I prefer including BTC, ETH and Litecoin with good rates.
 
You must log in or register to reply here.
Back
Top